M&A Deal Summary

KAG Acquires Ag Trucking

On June 2, 2021, KAG acquired transportation company Ag Trucking from The Gladstone Companies

Acquisition Highlights
  • This is KAG’s 14th transaction in the Transportation sector.
  • This is KAG’s 13th transaction in the United States.
  • This is KAG’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2021-06-02
Target Ag Trucking
Sector Transportation
Buyer(s) KAG
Sellers(s) The Gladstone Companies
Deal Type Add-on Acquisition

Target

Ag Trucking

Goshen, Indiana, United States
Ag Trucking is a regional food-grade liquid and dry bulk carrier. Ag Trucking was founded in 1978 and is based in Goshen, Indiana.

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Buyer(S) 1

Buyer

KAG

North Canton, Ohio, United States
Category Company
Founded 1997
Sector Transportation
DESCRIPTION

KAG provides transportation and logistics services to the fuel, chemical, liquid food and merchant gas sectors in the U.S. and Canada. KAG was founded in 1997 and is based in North Canton, Ohio.

DEAL STATS #
Overall 16 of 20
Sector (Transportation) 14 of 16
Type (Add-on Acquisition) 16 of 20
State (Indiana) 2 of 2
Country (United States) 13 of 17
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 T-Haul Tank Lines

Springfield, Missouri, United States

Formed in 1991, T-Haul Tank Lines consists of individuals with decades of experience in providing trucking transportation services. With its unparalleled expertise and commitment, the company has grown exponentially over the years and relocated operations to Springfield, MO in 2007. T-Haul Tank Lines has built a new facility in 2018 that included offices, a maintenance shop, and a food-grade, Kosher certified wash bay.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 K- Limited Carrier

Toledo, Ohio, United States

K- Limited Carrier is a premier liquid bulk transporters of chemical products. K- Limited Carrier is based in Toledo, Ohio.

Buy -

Seller(S) 1

SELLER

The Gladstone Companies

Investor Investor Investor Investor Investor

Category Lender
Founded 2001
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Gladstone Companies manages a series of publicly traded investment vehicles and looks to make debt and equity investments in US-based small to middle-market businesses. The Firm focuses on second lien debt, mezzanine debt, secured and unsecured subordinated loans, equity and real estate sale leasebacks. Target investments generally range from $5 to $30 million in companies with over $3 million in EBITDA. Target sectors include manufacturing, industrial products, business and government Services, media, communications, consumer products and services, healthcare services, transportation, specialty chemicals, and energy services. The Gladstone Companies was formed in 2001 and is based in McLean, Virginia.

DEAL STATS #
Overall 15 of 18
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (Indiana) 1 of 1
Country (United States) 15 of 18
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Edge Adhesives

Forth Worth, Texas, United States

Edge Adhesives is a developer and manufacturer of innovative adhesives, sealants, tapes, and related solutions used in building products, transportation, electrical, HVAC, and other markets. Edge Adhesives was founded in 1980 and is based in Forth Worth, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Head Country

Ponca City, Oklahoma, United States

Head Country is a manufacturer of BBQ sauce brand with three BBQ sauce flavors currently as well as seasonings and marinades. Head Country was formed in 1980 and is based in Ponca City, Oklahoma.

Sell -
Mergr

Product

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